CARETRUST REIT INC (CTRE) Stock Technical Analysis
USA - NYSE:CTRE - US14174T1079 - REIT
34.02 USD
-0.32 (-0.93%)
33.69 USD
-0.33 (-0.97%)
Taking everything into account, CTRE scores 7 out of 10 in our technical rating. Although CTRE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
CTRE is one of the better performing stocks in the Diversified REITs industry, it outperforms 88% of 130 stocks in the same industry.
CTRE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
CTRE has an average volume of 2459250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CTRE outperforms 67% of them, which is more or less in line with the market.
In the last month CTRE has a been trading in a tight range between 33.35 and 35.08.
CTRE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
24.65
35.07
When analyzing the support we can see 4 important areas.
- A support zone ranging from 30.28 to 30.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.06 from a horizontal line in the daily time frame.
- Support @27.48 from a trend line in the weekly time frame.
- Support @24.90 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.19 to 34.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CTRE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTRE is up. |
| ChartMill Relative Strength | 67.43 | NEUTRAL | CTRE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTRE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.22 | NEUTRAL | The RSI value for CTRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CTRE has a negative trend. |
| Stochastics (14,3) | 58.2 | NEUTRAL | The Stochastics value for CTRE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for CTRE suggests low volalility. |
| Average Directional Index/ADX (14) | 13.97 | NEGATIVE | The low ADX value for CTRE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.73 | 33.60 | 1.13 (3.25%) | 25.00% |
| An entry @34.73. This is a Buy Stop order right above the resistance zone. | An exit @33.60. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.13 points, which is 3.25%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
34.02
-0.32 (-0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-0.93%
1 Week-0.67%
2 Weeks-1.33%
1 Month-1.22%
3 Month11.18%
6 Month17.47%
12 Month10.6%
2 Year65.95%
3 Year87.85%
5 Year91.18%
10 Year199.74%
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%1.66%
ATR Inc-9.01%
Range Today0.45
ADR(20)0.56
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.43
Mansfield0.28
10 Day High35.08
10 Day Low33.61
20 Day High35.08
20 Day Low33.35
52 Week High35.08
52 Week Low24.79
CS1 End30.79
CR1 Start34.19
Volume & EV
DER(3)-1.38%
DER(5)-1.75%
Volume1.98M
Volume Incr39.79%
Vol(5)2.65M
Vol(50)2.46M